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Best Factoring Companies
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Value
Immediate cash flow for your business with affordable rates and flexible terms.
Integrity
Business relationships with the highest ethical values and principles in the industry.
Professional care
Factoring services with the professional and personal care that you'll appreciate.
Proven track-record
Factoring companies come and go, but these companies have stood the test of time.
Quality service
These factoring companies strive for excellence and deliver quality service to customers.
Passion
People that love helping you and your business succeed and grow to the next level.
Best Factoring Companies
Award-winning Company Reviews
Club Rating
5/5
2510 Solway Road, Knoxville, TN
CapitalPlus, founded in 1998 and based in Knoxville TN, is well known for their outstanding reputation, and has spent the last 15 years focusing on the construction industry. Led by founder and President Scott Applegate, the company is a blended team of financial, project management and construction industry experts with more than 85 years of combined experience. They’re highly sought after by construction companies across the country for their ability in leveraging the power of invoice factoring to fund high-end projects. Their percentage of repeat clients is a clear indication of the value CapitalPlus provides, solving their clients’ financial challenges while giving them peace of mind and the confidence to grow their business without stress.
Year founded: 2000
Associations:
IFA, American Subcontractors Association, American Society of Concrete Contractors
Industries we serve
Factoring amounts
$50,000 - $5,000,000
Club Rating
5/5
16420 Park Ten Place, Ste 125 Houston, Texas 77084
Crown Financial is the nationwide gold standard for invoice factoring services. Dedicated to helping companies grow and succeed, they work hard to provide custom solutions, low rates, simple processes, and 24-hour funding. Family-owned and operated for over 2 decades, their welcoming culture and high-touch, relationship-driven approach to invoice factoring is behind their unparalleled customer service and continued growth.
Year founded: 2000
Industries we serve
Factoring amounts
$50,000 - $25,000,000
Club Rating
5/5
4530 E. Shea Blvd., Phoenix, AZ 85028
FSW Funding is a national factoring and asset-based lender headquartered in Phoenix, Arizona. FSW was founded in 2001 with the goal of offering flexible and affordable factoring programs to small and mid-sized businesses. Since that time, we have grown into a company with an annual lending volume of approximately $400 million to $450 million and have become a respected member of the finance community.
Year founded: 2001
Associations:
IFA, SFNet, ACG, TMA, BBB
Industries we serve
Factoring amounts
$50,000 - $3,000,000
Club Rating
5/5
800 West Airport Freeway, Irving, TX 75062
Mazon Associates is the oldest factoring company in Texas. In their 45 years of providing invoice factoring services, they've established themselves as seasoned professionals with a reputation for incredible customer service. Second-generation family owners, Lisa and Shelley, have more than 25 years each in their respective roles as company leaders. Their clients rave about the quality service they receive from the entire staff of Mazon Associates. When you factor in the their simple rates and contract terms, Mazon is a sure bet for any small business looking to improve cash flow.
Year founded: 1976
Associations:
IFA, SFNet, BBB
Industries we serve
Factoring amounts
$10,000 - $3,000,000
Club Rating
5/5
2415 Heritage CT SW, Olympia, WA 98502
Orange Commercial Credit has been providing factoring services since 1979. You get a professional dedicated account manager, online credit services, and the highest advance rates in the industry. They offer a 90-day contract with no minimum fees and no startup fee.
Year founded: 1979
Associations:
IFA
Industries we serve
Factoring amounts
$10,000 - $3,000,000
Club Rating
5/5
840 Lowcountry Blvd., Mt Pleasant, SC 29464
SouthStar Capital provides receivables factoring to businesses nationwide, with a variety of other funding products too. SouthStar implements "outside the box thinking" and utilizes their own private capital to deliver creative funding solutions that few factoring companies can match. They know the importance of delivering quick working capital, so you're always dealing directly with their top decision makers. Their impeccable service goes beyond just providing working capital to ensuring your overall business's long-term growth and success.
Year founded: 2008
Associations:
IFA
Industries we serve
Factoring amounts
$50,000 - $5,000,000
“Our award-winning factoring companies represent the cream of the crop. Great terms, solid customer service and outstanding leadership.”
Rick Hultz, FactoringClub
Learn more about...
Accounts receivable factoring for your business
Avoid the trade credit cash flow problem
Invoice factoring, or accounts receivable factoring, solves the cash flow problem caused by your customers’ trade credit terms. Trade credit is a business-to-business (B2B) agreement in which your customer purchases goods or services on account without paying you up-front.
Credit terms are typically 30 days or more, depending on your industry and customer. Factoring companies advance you cash for your new invoices, so you don’t have to wait for 30, 45 or 60+ days to receive your hard-earned cash.
Factoring rates as low as 1.5%, up to 5%
Factoring companies offer rates as low as 1.5% for businesses that factor millions in invoices each month from top-rated customers. Smaller businesses can generally expect to pay anywhere between 3% to 4% of the invoice amount depending on monthly factoring amount, invoice volume, and days outstanding.
Advance rates from 75% to 90%
Factoring companies don’t advance the full amount of your invoices. They hold a reserve as an allowance for any unexpected bad debts or short-falls. Advance rates are typically 75% to 90%.
Contract terms range anywhere from one month to 2 years, with some factoring companies offering a no-term contract that lets you cancel at any time.
Non-recourse factoring – credit safety
Many factoring companies offer non-recourse factoring which is a credit guarantee that protects you if your customer doesn’t pay. Non-recourse factoring usually costs more than recourse, but it may be worth the insurance. Non-recourse only applies to losses resulting from credit issues such as insolvency or bankruptcy. No matter the recourse option, you’re always liable for disputes, faulty goods or incorrect billing.
How accounts receivable factoring works for you
- After completing your sale or service, you send your invoice to the factoring company.
- The factoring company verifies the invoice is correct.
- The factoring company funds your bank account, often the same day.
- The factoring company collects the accounts receivable from your customer.
- The factoring company sends you the reserve as final payment.
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